refers to "British" and "exit", is the impending withdrawal of the United
Kingdom from the European Union (EU). The deal is supposed to be finished the Brexit
negotiations before 29th March 2019. However, both parties are still
under negotiating process and it seems that they cannot make it on time.
are some consequences of the Brexit. According to news, it is expected that the
United Kingdom has to pay EUR$350 billion to EU. If there are no re-negotiation
deal for Brexit, UK has to face a much higher tariff rate upon trading with
European countries. Having new terms of trade implies an increase on price
level and other consequences which would affect businessmen and citizens' living standard. As a result, UK citizens are giving pressure on the topic of
Brexit negotiations. A possible economic downturn will be estimated and thus,
UK government is expected to launch some policies to facilitate the pressure. Theresa
May, the prime minister of UK government, decided to reduce property tax. She
aimed to be the country with the lowest property tax rate in G20. In addition,
she has a 'backstop' plan that involves keeping the UK in a customs union with
the EU until a permanent trade treaty is worked out.
But how would the Brexit affect UK
immigration policy especially investment immigration?
UK immigration department is an individual
department. Not only did they operate as normal, but also establishing new visa
center to mainly handle T2 visa, T4 visa and so on. It shows that they are not
affected by Brexit. With the more varieties of visa types, the applicants pool
would be more wide spread and fairer.
Among all the popular countries for
immigration, UK T1 visa is relatively easier. With GBP$2,000,000 on government
bond investment, aged 18 years old or above and no criminal record, applicants
could receive the T1 visa in 4-5 months' time. It is expected that the amount
required will be increased. There's a rumor saying that the amount increased
would be a lot. To Globevisa, we believe that it is undoubted to have the
amount increased since they need more capital to cover up its spending.
However, they would not increase a lot since it may turn down the incentives of
some applicants and they may choose other countries to immigrate instead. To
achieve both goals, UK would increase a little bit of the investment amount. We
Globevisa suggest foreigners who are interested, to apply as soon as possible.
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